Jim Zarroli

Jim Zarroli is a business reporter for NPR News, based at NPR's New York bureau.

He covers economics and business news including fiscal policy, the Federal Reserve, the job market and taxes

Over the years, he's reported on recessions and booms, crashes and rallies, and a long string of tax dodgers, insider traders and Ponzi schemers. He's been heavily involved in the coverage of the European debt crisis and the bank bailouts in the United States.

Prior to moving into his current role, Zarroli served as a New York-based general assignment reporter for NPR News. While in this position he covered the United Nations during the first Gulf War. Zarroli added to NPR's coverage of the aftermath of Hurricane Katrina, the London transit bombings and the September 11, 2001 attacks on the World Trade Center.

Before joining the NPR in 1996, Zarroli worked for the Pittsburgh Press and wrote for various print publications.

Wells Fargo says its CEO John Stumpf will forfeit outstanding stock awards worth about $41 million in response to the scandal involving unauthorized customer accounts. Stumpf will also forego his salary while the company conducts an investigation.

This month federal regulators fined Wells Fargo $185 million for opening checking and credit card accounts on behalf of customers who had no idea that was happening. The bank has promised to try to make restitution.

But that's a lot harder than it sounds. A big question is how to compensate people whose credit scores were hurt by what the bank did.

The founder of Rolling Stone is selling a minority share of the fabled magazine to a Singapore-based social media entrepreneur, the first time an outside investor has been allowed to buy into the property.

Several media reports say Jann Wenner has decided to sell 49 percent of the magazine, as well as its digital assets, to BandLab Technologies, a social-networking site for musicians and fans.

Jake Bowen slips slowly down a telephone pole, his boots fixed with little metal spears to grip the wood.

"It's just like starting all over again, but I figure a couple of years the money will start rolling in better," he says, his face dripping with sweat from the Kentucky humidity. "It has to be better on my health. I won't be breathing in the coal dust and the rock dust no more."

Talks aimed at setting up a U.S.-European free trade zone have run aground because of intransigence on Washington's part, a top German politician said Sunday.

"In my opinion the negotiations with the United States have de facto failed even though nobody is really admitting it," said Sigmar Gabriel, German vice chancellor and economy minister, in an interview with the broadcaster ZDF on Sunday.

It's a line that draws thunderous applause at Republican presidential candidate Donald Trump's campaign rallies, one that can sometimes even bring the crowd to its feet: Let's bring back America's lost manufacturing jobs.

And is there any question why? The United States has lost nearly 5 million manufacturing jobs since 2000 alone, hollowing out factory towns all over the country and leaving countless working-class Americans struggling.

Republican presidential nominee Donald Trump has released a second list of economic advisers in less than a week, and this time the names are almost all women.

The advisers include several longtime GOP fundraisers, including Diane Hendricks, co-founder and chairman of ABC Supply in Wisconsin, who was called "America's richest self-made woman" by Forbes magazine.

Donald Trump has released the names of his economic advisers, a list heavy with Wall Street and real estate industry figures, but short of actual economists.

The names include several people from the world of hedge fund and private equity firms, including Steven Feinberg, chief executive and co-founder of Cerberus Capital Management; Thomas J. Barrack, founder and executive chairman of Colony Capital Inc.; and John Paulson, president of a hedge fund company bearing his name.

The U.S. economy grew at an annual rate of just 1.2 percent during the second quarter of this year, well below expectations, and it came after an even weaker first quarter, the Commerce Department said.

The report exacerbates fears that factors such as the global slowdown and the decline in energy production might have hit the economy harder than first thought.

Last month's vote by the United Kingdom to leave the European Union has left a lot of unanswered questions. One is what will happen to the 2.5 million EU residents who now work in the U.K. Many employers say sending them home would be a disaster for the British economy.

Go into any store or restaurant in Greater London and the chances are good the people working there are from the EU. They teach in Britain's schools, pick its crops and build its houses. They're prominent in finance and medicine.

The U.S. Department of Justice has filed civil complaints seeking to recover a billion dollars' worth of art, real estate and other assets bought with money allegedly stolen from a Malaysian sovereign wealth fund.

Herbalife has agreed to pay $200 million to reimburse consumers who lost money on its nutrition supplements and will also make major changes in its sales and distribution practices, the Federal Trade Commission announced today.

The FTC filed a complaint accusing the company of deceiving consumers about how much money they could make selling its products, noting that most Herbalife distributors make no money at all.

When the United Kingdom voted to leave the European Union last month, the seaside town of Port Talbot in Wales eagerly went along with the move. Brexit was approved by some 57 percent of the town's residents.

Now some of them are wondering if they made the wrong decision.

The June 23 Brexit vote has raised questions about the fate of the troubled Port Talbot Works, Britain's largest surviving steel plant — a huge, steam-belching facility that has long been the town's biggest employer.

Presumptive Republican presidential nominee Donald Trump traveled to the small city of Monessen, Pa., on Tuesday to speak about the impact of international trade on U.S. manufacturing jobs.

As he has before, Trump launched a full-throated attack on globalization, pinning the blame on politicians he says have allowed the U.S. manufacturing base to get hollowed out.

"We allowed foreign countries to subsidize their goods, devalue their currencies, violate their agreements and cheat in every way imaginable. And our politicians did nothing about it," he told the crowd.

Last week's vote by the United Kingdom to leave the European Union is raising questions about London's role as a global financial center, which has helped send bank stocks down sharply for a second trading day in a row.

Shares of British banks such as Barclay's and Royal Bank of Scotland are down, but the carnage has spread throughout Europe and beyond, amid a series of earnings downgrades and profit warnings.

When British voters go to the polls on Thursday to decide whether the United Kingdom should remain in the European Union, a lot of people on this side of the Atlantic will be watching as well.

U.S. companies with large operations in the U.K., such as Cisco, JPMorgan Chase, Ford and General Electric, have already spoken out against "Brexit," even hinting that it could force them to lay off workers.

In more and more countries, investors are paying the government for the privilege of owning its bonds. It's usually the other way around.

The yield on Germany's 10-year government bond fell into negative territory for the first time ever on Tuesday, as worries build that the United Kingdom could decide to leave the European Union next week.

Editor's note, June 16: An earlier version of this story said Omar Mateen carried an AR-15, based on comments from Orlando Police Chief John Mina, who said Sunday that the gun was an "AR-15-assault-type rifle." Law enforcement officials subsequently told NPR that the gun was a Sig Sauer MCX, a rifle similar to an AR-15 but also different in fundamental ways. This story reflects the change.

A lot of famous and important people have felt the sting of Donald Trump's invective in recent months, including former Massachusetts Gov. Mitt Romney, British Prime Minister David Cameron and even the pope.

And then there's Bob Guillo, of Manhasset, N.Y.

The 76-year-old Long Island retiree found himself singled out by Trump in a speech on May 27 because he had criticized Trump University, one of the presumptive Republican presidential nominee's most controversial business ventures.

Maurice "Hank" Greenberg, who built AIG into an insurance-industry powerhouse only to be forced out under pressure from regulators, must stand trial for accounting fraud, New York's highest court has ruled.

The New York Court of Appeals ruled that state officials can try to recover millions of dollars in bonuses and interest from Greenberg, 91, and his co-defendant, Howard Smith, 71, former AIG chief financial officer.

Monsanto has rejected a $62 billion takeover bid from Bayer as "incomplete and financially inadequate," but left the door open to further negotiations with the German chemical and pharmaceutical giant.

Matt Coy likes to tell people how he went 47 years without voting. Not once. Not even for high school class president.

But there he was last Friday at an early-voting center at a county parks building in Columbus, Ind., excitedly preparing to cast his ballot for Republican Donald Trump.

"I've lost three factory jobs in the last 10 years, to go to China or go to Mexico or go to somewhere out of the country. We're losing our jobs to everybody else. We need 'em back. I think he can do it," Coy said.

Three years after an eight-story factory building collapsed in Bangladesh, killing more than 1,100 people and injuring 2,000 others, union leaders and relatives of the victims say not enough has been done to compensate those affected.

"Three years have passed and still we don't see any justice. No one has been held to account for one of history's worst man-made disasters," union leader Abul Hossain said at a commemorative protest at the site of the disaster.

Top executives at the biggest Wall Street firms would have to wait four years to collect most of their bonus pay and could be forced to return the money in the event of wrongdoing, under proposed rules unveiled by federal regulators.

The rules, which were released Thursday by the National Credit Union Administration for public comment, say senior executives at firms worth more than $250 billion must wait to collect 60 percent of their bonus pay.

Executives at firms valued at $50 billion to $250 billion would have to wait three years to receive half their bonuses.

The European Union has filed new antitrust charges against Google, alleging that it uses its Android operating system to impose unfair conditions on makers of mobile devices.

"

We found that Google pursues an overall strategy on mobile devices to protect and expand its dominant position in internet search," Margrethe Vestager, the EU's commissioner for competition, said in a statement today.

Sen. Bernie Sanders says that if he is elected president in November, one of his first acts in office would be to begin breaking up the large financial institutions that pose a grave risk to the economy.

But there's a problem with that idea: It's not clear the president has the legal authority to break up the banks.

"It's not something the president can do. It's not even something the Treasury can do," says Karen Shaw Petrou, managing partner of Federal Financial Analytics.